Media headlines about Caterpillar (NYSE:CAT) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caterpillar earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.5160977137709 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Commerce Bank Has $15.94 Million Position in Caterpillar Inc. (CAT) (americanbankingnews.com)
- 14,188 Shares in Caterpillar Inc. (CAT) Acquired by Princeton Capital Management LLC (americanbankingnews.com)
- Community Cat Companions awarded Petco grant (news-herald.com)
- Capital Investment Counsel Inc Has $1.91 Million Holdings in Caterpillar Inc. (CAT) (americanbankingnews.com)
- Caterpillar Inc. (CAT) Shares Sold by Calamos Wealth Management LLC (americanbankingnews.com)
A number of research firms have commented on CAT. Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.90 to $195.00 in a research note on Tuesday, January 23rd. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price target for the company in a research report on Monday, January 22nd. Citigroup reissued a “neutral” rating and issued a $185.00 price target (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Barclays set a $180.00 price target on shares of Caterpillar and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Bank of America reissued a “buy” rating and issued a $189.00 price target (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Caterpillar currently has a consensus rating of “Buy” and an average price target of $167.78.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. research analysts expect that Caterpillar will post 9.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, January 22nd were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, January 19th. Caterpillar’s payout ratio is presently 59.66%.
In related news, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the transaction, the general counsel now owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
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Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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